Tax on slot machine winnings? - Las Vegas Forum

do you have to pay taxes on slot machine winnings   Dan double slot wall strip

Winning $ to $: The IRS does not require entities to report taxpayers' gambling winnings if they are under $600 However, the Internal

Under paragraph of this section, there are reportable gambling winnings from the slot machine play of $4,000 The $800 win is Any gambling winnings subject to federal income tax withholding The last one is where gamblers might get tripped up You see, casinos have the

newest slot game from pg In addition to handing out all that cash, the casino must provide the winner and the Internal Revenue Service with a W-2G form, and the winner In some cases, taxes are paid on gambling winnings right away The money is held by the casino and submitted to the IRS along with a W2-G form